Karachi, January 27, 2026 — The State Bank of Pakistan (SBP) on Tuesday issued the daily Karachi Interbank Offered Rates (KIBOR), providing an important benchmark for banks, businesses, and borrowers across the country.
KIBOR is a key reference rate used to price corporate loans, consumer financing, and other lending products in Pakistan. The latest data shows a noticeable uptick across most tenors compared to the previous trading day, reflecting evolving liquidity conditions in the interbank market.
According to SBP figures, short-term rates witnessed a sharper increase, while longer-term tenors also moved upward, signaling cautious sentiment among financial institutions. The one-week KIBOR rose to 10.23 percent on the bid side, while the one-year rate edged up to 10.13 percent.
KIBOR Rates – January 27, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.23 | 10.73 |
| 2-Week | 10.25 | 10.75 |
| 1-Month | 10.26 | 10.76 |
| 3-Month | 10.14 | 10.39 |
| 6-Month | 10.15 | 10.40 |
| 9-Month | 10.13 | 10.63 |
| 1-Year | 10.13 | 10.63 |
KIBOR Rates – January 26, 2026
| Tenor | Bid (%) | Offer (%) |
| 1-Week | 10.08 | 10.58 |
| 2-Week | 10.04 | 10.54 |
| 1-Month | 10.00 | 10.50 |
| 3-Month | 9.93 | 10.18 |
| 6-Month | 9.93 | 10.18 |
| 9-Month | 9.92 | 10.42 |
| 1-Year | 9.91 | 10.41 |
Market participants closely monitor daily KIBOR movements as they directly influence borrowing costs and financial planning decisions across Pakistan’s banking sector.